The White House has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17. In a statement, the administration said that since the implementation of the higher tariff, steel imports from Turkey declined 48 percent in 2018, “with the result that the domestic industry’s capacity utilization has improved at this point to approximately the target level recommended” in the initial DOC report... Read More

According to Turkey’s Official Gazette published on April 17, Turkey has increased the 10 percent import duty on rebar to 30 percent for countries which are not members of the World Trade Organization (WTO).
Iran stands out as one of the non-WTO countries whose rebar exports to Turkey have increased lately. Towards the end of last year, Iran started to be seen as a threat to the Turkish rebar market. Other non-WTO countries are Iraq, Syria, Azerbaijan,... Read More

The 80th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on April 7-9, 2019. There were 132 producer representatives among the 416 registered delegates from a total of 48 different countries. There were also 70 registrations representing 40 different raw material suppliers.
At the opening of the conference Murat Cebecioglu, chairman of IREPAS, said that IREPAS firmly believes in, has supported... Read More

Mexico’s ministry of economy announced yesterday that it will renew a provisional 15 percent tariff against imports of several steel products from countries with which the nation does not have existing trade agreements. The tariff will last for six months, and apply to imports of slab, CRC, HRC, heavy plate and wire rod. The tariff previously expired on Jan. 31, 2019.
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European Union voted on July 5th in favor of provisional measures against steel imports under the scope the safeguard investigation launched as a response to Section 232 tariffs in the US.
The European Commission has proposed a combination of a quota and a tariff as expected. The quota will be based on import volumes over recent years and a 25 percent tariff will apply for the volumes exceeding that amount.
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A report issued late Thursday by US Customs and Border Protection indicates that the temporary exclusions for US steel tariffs under Section 232 will expire as of May 1. Starting that day, all countries of origin will be subject to the 25 percent tariff on US steel imports.
The tariffs are effective with respect to goods entered, or withdrawn from warehouse for consumption, on or after March 23, 2018. Countries with temporary exclusions to the tariffs... Read More

President Donald Trump signed a proclamation authorizing the tariffs on imported steel and aluminum, while excluding Canada and Mexico and leaving the door open to sparing other countries on the basis of national security. Accordingly the U.S. will levy a 25 percent duty on steel and 10 percent on aluminum, and the tariffs will take effect in 15 days.
Trump’s authority to establish the tariffs stems from a Commerce Department investigation that... Read More

IREPAS is convinced that, if the United States imposes the import remedy options which have been recommended by the US Department of Commerce Secretary Wilbur Ross following the conclusion of the Section 232 investigation into steel imports, American steel users will have to face much higher steel prices compared to the other parts of the world, which will certainly devastate many steel-using industries in the US.
IREPAS affirms its belief that free... Read More

US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options:
A global 24 percent tariff on all steel imports from all countries.
A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam.
A quota... Read More

China will cut export tariffs on high-purity pig iron to 10 percent and some steel billets to 20 percent on Jan. 1 , down from a temporary rate of 25 percent this year, the Ministry of Finance said in a statement on its website.
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